EnergyNet - Property Information for Lot 41215;

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Tract:

OG1700505

Gross Acres:

160.00

Net Acres:

80.00

Time Remaining:

Auction has ended

Start Time:

7/25/2017 9:54 AM CDT

End Time:

8/1/2017 9:54 AM CDT

Your Bid:

Highest Bid:

$251/acre

Starting Bid:

$3/acre

Bid Increment:

Total Cost at Highest Bid:

$20,891.60
(Bonus + Agency Fees + Advanced Rental + 2% Buyer Premium)

Legal Description:

T163N, R91W
Sec. 34: NW4

Tract Details

Lease No.

OG1700505

County, State

Burke, ND

Legal Description

T163N, R91W
Sec. 34: NW4

Gross Acres

160.00

Net Acres

80.00

Royalty Rate

1/6th

Lease Term

5 Years (Paid Up)

Rental/Acre (Per Year)

$1.00

Rental Due At Closing

$400.00

ND Administrative Fee

$10.00

Buyer Premium

2.00%

Additional Information

IMPORTANT NOTICES PERTAINING TO
NORTH DAKOTA DEPARTMENT OF TRUST LAND LEASE AUCTIONS

The tracts available for lease are sold on an as is basis, with no representations or warranties regarding the quality of title, ownership, or the accuracy and completeness of the information provided by the State.
The tracts available for lease are subject to the restrictions found in North Dakota Century Code (NDCC) Chapter 15-05, Leasing Coal, Oil, Gas, and Other Rights (www.legis.nd.gov/cencode/t15c05.pdf) and Administrative Rule Chapter 85-06-06 (http://land.nd.gov/Docs/Minerals/rules.pdf).
The burden of due diligence is the bidder's responsibility prior to any auction.
The lease effective date will be August 1, 2017.
The royalty rate for Billings, Divide, Dunn, Golden Valley, McKenzie, Mountrail and Williams counties is three/sixteenths (3/16). All other counties are one/sixth (1/6) royalty rate.
The successful bidder must make payment by wire transfer or automated clearing house (ACH) for all bonus, rental, and bidder's premium owed to the State within 7 days. The State will accept payment from only one bidder per tract; however, a bidder may make multiple payments in one wire or ACH, provided the bidder indicates which tracts are involved in the payment.
EnergyNet will send the successful bidder an email after the close of the auction with the detailed payment instructions and amounts due to the North Dakota Department of Trust Lands.

OFFSET ACTIVITY

Completions from the last 365 days in Burke County, North Dakota

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Drilling Permits from the last 365 days in Burke County, North Dakota

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SUCCESSFUL BIDDER NOTIFICATION

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

BUYER PREMIUM

A 2% Buyer Premium, calculated as 2% of the total bonus, will be added to the cost of this lease.

CONTACT INFORMATION

North Dakota

Rick Owings
Land Professional
(701) 328-1948
Email: rwowings@nd.gov

Allie Bement
Land Professional
(701) 328-1952
Email: abement@nd.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Assistant Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com

Bid History (All)

Bidder #25

8/1/2017 9:53:45 AM

$251

Bidder #27

7/31/2017 2:56:59 PM

$250

Bidder #25

7/31/2017 8:31:34 PM

$207

Bidder #27

7/31/2017 2:56:59 PM

$206

Bidder #25

7/31/2017 8:31:31 PM

$205

Bidder #27

7/31/2017 2:56:59 PM

$204

Bidder #25

7/31/2017 8:31:28 PM

$203

Bidder #27

7/31/2017 2:56:59 PM

$202

Bidder #25

7/31/2017 8:31:25 PM

$201

Bidder #27

7/31/2017 2:56:59 PM

$200

Bidder #25

7/31/2017 8:31:21 PM

$199

Bidder #27

7/31/2017 2:56:59 PM

$198

Bidder #25

7/31/2017 8:31:18 PM

$197

Bidder #27

7/31/2017 2:56:59 PM

$196

Bidder #25

7/31/2017 8:31:15 PM

$195

Bidder #27

7/31/2017 2:56:59 PM

$194

Bidder #25

7/31/2017 8:31:12 PM

$193

Bidder #27

7/31/2017 2:56:59 PM

$192

Bidder #25

7/31/2017 8:31:08 PM

$191

Bidder #27

7/31/2017 2:56:59 PM

$190

Bidder #25

7/31/2017 8:31:02 PM

$189

Bidder #27

7/31/2017 2:56:59 PM

$188

Bidder #25

7/31/2017 8:30:12 PM

$187

Bidder #27

7/31/2017 2:56:59 PM

$186

Bidder #25

7/31/2017 8:30:06 PM

$185

Bidder #27

7/31/2017 2:56:59 PM

$184

Bidder #25

7/31/2017 8:30:03 PM

$183

Bidder #27

7/31/2017 2:56:59 PM

$182

Bidder #25

7/31/2017 8:30 PM

$181

Bidder #27

7/31/2017 2:56:59 PM

$180

Bidder #25

7/31/2017 8:29:57 PM

$179

Bidder #27

7/31/2017 2:56:59 PM

$178

Bidder #25

7/31/2017 8:29:54 PM

$177

Bidder #27

7/31/2017 2:56:59 PM

$176

Bidder #25

7/31/2017 8:29:51 PM

$175

Bidder #27

7/31/2017 2:56:59 PM

$174

Bidder #25

7/31/2017 8:29:49 PM

$173

Bidder #27

7/31/2017 2:56:59 PM

$172

Bidder #25

7/31/2017 8:29:46 PM

$171

Bidder #27

7/31/2017 2:56:59 PM

$170

Bidder #25

7/31/2017 8:29:43 PM

$169

Bidder #27

7/31/2017 2:56:59 PM

$168

Bidder #25

7/31/2017 8:29:40 PM

$167

Bidder #27

7/31/2017 2:56:59 PM

$166

Bidder #25

7/31/2017 8:29:37 PM

$165

Bidder #27

7/31/2017 2:56:59 PM

$164

Bidder #25

7/31/2017 8:29:34 PM

$163

Bidder #27

7/31/2017 2:56:59 PM

$162

Bidder #25

7/31/2017 8:29:31 PM

$161

Bidder #27

7/31/2017 2:56:59 PM

$160

Bidder #25

7/31/2017 8:29:29 PM

$159

Bidder #27

7/31/2017 2:56:59 PM

$158

Bidder #25

7/31/2017 8:29:26 PM

$157

Bidder #27

7/31/2017 2:56:59 PM

$156

Bidder #25

7/31/2017 8:29:23 PM

$155

Bidder #27

7/31/2017 2:56:59 PM

$154

Bidder #25

7/31/2017 8:29:20 PM

$153

Bidder #27

7/31/2017 2:56:59 PM

$152

Bidder #25

7/31/2017 8:29:17 PM

$151

Bidder #27

7/31/2017 2:56:59 PM

$150

Bidder #25

7/31/2017 8:29:14 PM

$149

Bidder #27

7/31/2017 2:56:59 PM

$148

Bidder #25

7/31/2017 8:29:10 PM

$147

Bidder #27

7/31/2017 2:56:59 PM

$146

Bidder #25

7/31/2017 8:29:07 PM

$145

Bidder #27

7/31/2017 2:56:59 PM

$144

Bidder #25

7/31/2017 8:29:04 PM

$143

Bidder #27

7/31/2017 2:56:59 PM

$142

Bidder #25

7/31/2017 8:29:01 PM

$141

Bidder #27

7/31/2017 2:56:59 PM

$140

Bidder #25

7/31/2017 8:28:56 PM

$139

Bidder #27

7/31/2017 2:56:59 PM

$138

Bidder #25

7/31/2017 8:28:53 PM

$137

Bidder #27

7/31/2017 2:56:59 PM

$136

Bidder #25

7/31/2017 8:28:50 PM

$135

Bidder #27

7/31/2017 2:56:59 PM

$134

Bidder #25

7/31/2017 8:28:47 PM

$133

Bidder #27

7/31/2017 2:56:59 PM

$132

Bidder #25

7/31/2017 8:28:40 PM

$131

Bidder #27

7/31/2017 2:56:59 PM

$130

Bidder #25

7/31/2017 8:28:37 PM

$129

Bidder #27

7/31/2017 2:56:59 PM

$128

Bidder #25

7/31/2017 8:28:34 PM

$127

Bidder #27

7/31/2017 2:56:59 PM

$126

Bidder #25

7/31/2017 8:28:31 PM

$125

Bidder #27

7/31/2017 2:56:59 PM

$124

Bidder #25

7/31/2017 8:28:28 PM

$123

Bidder #27

7/31/2017 2:56:59 PM

$122

Bidder #25

7/31/2017 8:28:25 PM

$121

Bidder #27

7/31/2017 2:56:59 PM

$120

Bidder #25

7/31/2017 8:28:22 PM

$119

Bidder #27

7/31/2017 2:56:59 PM

$118

Bidder #25

7/31/2017 8:28:18 PM

$117

Bidder #27

7/31/2017 2:56:59 PM

$116

Bidder #25

7/31/2017 8:28:15 PM

$115

Bidder #27

7/31/2017 2:56:59 PM

$114

Bidder #25

7/31/2017 8:28:12 PM

$113

Bidder #27

7/31/2017 2:56:59 PM

$112

Bidder #25

7/31/2017 8:28:09 PM

$111

Bidder #27

7/31/2017 2:56:59 PM

$110

Bidder #25

7/31/2017 8:28:06 PM

$109

Bidder #27

7/31/2017 2:56:59 PM

$108

Bidder #25

7/31/2017 8:28:03 PM

$107

Bidder #27

7/31/2017 2:56:59 PM

$106

Bidder #25

7/31/2017 8:28 PM

$105

Bidder #27

7/31/2017 2:56:59 PM

$104

Bidder #25

7/31/2017 8:27:57 PM

$103

Bidder #27

7/31/2017 2:56:59 PM

$102

Bidder #25

7/31/2017 8:27:54 PM

$101

Bidder #27

7/31/2017 2:56:59 PM

$100

Bidder #25

7/31/2017 8:27:51 PM

$99

Bidder #27

7/31/2017 2:56:59 PM

$98

Bidder #25

7/31/2017 8:27:49 PM

$97

Bidder #27

7/31/2017 2:56:59 PM

$96

Bidder #25

7/31/2017 8:27:46 PM

$95

Bidder #27

7/31/2017 2:56:59 PM

$94

Bidder #25

7/31/2017 8:27:43 PM

$93

Bidder #27

7/31/2017 2:56:59 PM

$92

Bidder #25

7/31/2017 8:27:41 PM

$91

Bidder #27

7/31/2017 2:56:59 PM

$90

Bidder #25

7/31/2017 8:27:38 PM

$89

Bidder #27

7/31/2017 2:56:59 PM

$88

Bidder #25

7/31/2017 8:27:35 PM

$87

Bidder #27

7/31/2017 2:56:59 PM

$86

Bidder #25

7/31/2017 8:27:32 PM

$85

Bidder #27

7/31/2017 2:56:59 PM

$84

Bidder #25

7/31/2017 8:27:29 PM

$83

Bidder #27

7/31/2017 2:56:59 PM

$82

Bidder #25

7/31/2017 8:27:27 PM

$81

Bidder #27

7/31/2017 2:56:59 PM

$80

Bidder #25

7/31/2017 8:27:24 PM

$79

Bidder #27

7/31/2017 2:56:59 PM

$78

Bidder #25

7/31/2017 8:27:21 PM

$77

Bidder #27

7/31/2017 2:56:59 PM

$76

Bidder #25

7/31/2017 8:27:18 PM

$75

Bidder #27

7/31/2017 2:56:59 PM

$74

Bidder #25

7/31/2017 8:27:15 PM

$73

Bidder #27

7/31/2017 2:56:59 PM

$72

Bidder #25

7/31/2017 8:27:13 PM

$71

Bidder #27

7/31/2017 2:56:59 PM

$70

Bidder #25

7/31/2017 8:27:10 PM

$69

Bidder #27

7/31/2017 2:56:59 PM

$68

Bidder #25

7/31/2017 8:27:07 PM

$67

Bidder #27

7/31/2017 2:56:59 PM

$66

Bidder #25

7/31/2017 8:27:04 PM

$65

Bidder #27

7/31/2017 2:56:59 PM

$64

Bidder #25

7/31/2017 8:27:01 PM

$63

Bidder #27

7/31/2017 2:56:59 PM

$62

Bidder #25

7/31/2017 8:26:55 PM

$61

Bidder #27

7/31/2017 2:56:59 PM

$60

Bidder #25

7/31/2017 8:26:31 PM

$59

Bidder #27

7/31/2017 2:56:59 PM

$58

Bidder #25

7/31/2017 8:26:28 PM

$57

Bidder #27

7/31/2017 2:56:59 PM

$56

Bidder #25

7/31/2017 8:26:25 PM

$55

Bidder #27

7/31/2017 2:56:59 PM

$54

Bidder #25

7/31/2017 8:26:21 PM

$53

Bidder #27

7/31/2017 2:56:59 PM

$52

Bidder #33

7/31/2017 5:26:54 PM

$51

Bidder #27

7/31/2017 2:46:52 PM

$13

Bidder #23

7/30/2017 12:10:42 AM

$12

Bidder #22

7/27/2017 3:42:30 PM

Bidder #7

7/25/2017 11:59:25 AM

OG1700505

Property Schedule